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Affiliated to China Merchants Group, China Merchants Energy Shipping Co. Ltd (‘CMES’) was jointly established by China Merchants Group , Sinopec Group , Sinochem Group, COSCO Group and CNOOC Group on 31 December 2004. On 1st December 2006, CMES successfully launched IPO and became a public listed company on the Shanghai Stock Exchange. Two more rounds of direct issuance of shares has been held by CMES in the following few years, which has provided a solid capital foundation for the company’s further expansion.

 

CMES provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers and LNG carriers. With global trading networks, optimized fleet structures, high efficient and processional intelligences and strong financial backgrounds, the company has rapidly expanded into a leading shipping company in China.

 

China VLCC Company Limited (‘CVLCC’), jointly established in September 2014, is the VLCC subsidiary of CMES owning a fleet of existing 40 VLCCs and additional 13 Newbuildings in Orderbook. 

 

China VLOC Company Limited (‘CVLOC’), established in August 2015, is the designated VLOC subsidiary of CMES to push ahead the VLOC expansion plan covered by a long-term strategic cooperation agreement with Brazilian mining giant Vale.

 

China LNG Shipping (Holdings) Limited (‘CLNG’), the gas shipping subsidiary of CMES has finalized a Newbuilding contract of six 172,000 cubic meter ARC7 LNG carriers for the Yamal LNG Project in July 2014.

 

CMES currently is the largest VLCC owner in China and world leading crude oil tanker operator. Moreover, with serials of strategic development projects for VLOC and LNG carrier, CMES is aiming to become a world top integrated energy transportation enterprise with international prospects and global trading competitive edges. As on 31 December 2017, the total capacity of CMES has accumulated to over 19.6 million DWT. 44 Newbuildings have been scheduled to be delivered in the coming few years.

 

 

  

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